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Prepare the journal entry record Tamasine Company's issuance of 5, 600 shares of $100 par value, 8% cumulative preferred stock $102 per share. Assuming the

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Prepare the journal entry record Tamasine Company's issuance of 5, 600 shares of $100 par value, 8% cumulative preferred stock $102 per share. Assuming the facts in part 1, if Tamasine declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears)

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